Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apple Inc shares valued at $13,550,148 were sold by WILLIAMS JEFFREY E on Oct 02 ’24. At $226.86 per share, WILLIAMS JEFFREY E sold 59,730 shares. The insider’s holdings dropped to 489,944 shares worth approximately $110.57 million following the completion of this transaction.
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Also, Adams Katherine L. sold 61,019 shares, netting a total of over 13,802,297 in proceeds. Following the sale of shares at $226.20 each, the insider now holds 187,043 shares.
Before that, COOK TIMOTHY D had sold 223,986 shares from its account. In a trade valued at $50,276,355, the Chief Executive Officer traded Apple Inc shares for $224.46 each. Upon closing the transaction, the insider’s holdings decreased to 223,986 shares, worth approximately $740.24 million.
As published in their initiating research note from MoffettNathanson on August 19, 2024, Apple Inc [AAPL] has been a Neutral and the price target has been revised to $211. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of August 02, 2024, Maxim Group has reiterated its “Hold” rating for AAPL. Earlier on July 29, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for AAPL stock.
Analyzing AAPL Stock Performance
During the last five days, there has been a drop of approximately -0.81%. Over the course of the year, Apple Inc shares have jumped approximately 17.21%. Shares of the company reached a 52-week high of $237.23 on 07/15/24 and a 52-week low of $164.07 on 04/19/24. A 50-day SMA is recorded $222.49, while a 200-day SMA reached $197.80. Nevertheless, trading volume fell to 33.76 million shares from 32.88 million shares the previous day.
Support And Resistance Levels for Apple Inc (AAPL)
According to the 24-hour chart, there is a support level at 223.73, which, if violated, would cause prices to drop to 221.78. In the upper region, resistance lies at 227.21. The next price resistance is at 228.75. RSI (Relative Strength Index) is 51.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 38.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
